NORTH ATLANTIC MINERALS LIMITED

🌳Matureactive
SC423859 · ltd · incorporated 2012-05-10
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£-296.7k
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: SIC 07290
Sector: Mining & quarrying
ALSO REGISTERED FOR
  • 72190Other research and experimental development on natural sciences and engineering
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (63/100, director aged 71). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: high (82/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
5 officers (3 active, 5 linked, 5 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
54 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £296,741

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£297k
~ YoY
Current Assets
£87
↓ 59% YoY
Current Liabilities
—
-£297k-£237k-£178k-£119k-£59k£210Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£-296.7k£-294.2k
Current assets£87£210
Debtors£87£210
Net assets£-296.7k£-294.2k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-08-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-10-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-04-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2023-04-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2023-03-31
    ➖
    ARMITAGE, Paul Edward Blake, Dr resigned
    director
  7. 2023-03-31
    ➖
    HUNTER, Colin John, Dr resigned
    director
  8. 2022-11-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-09-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  10. 2022-09-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2021-08-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-05-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  13. 2021-03-31
    📄
    capital-allotment-shares
    capital · SH01
  14. 2021-02-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2021-02-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2021-02-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2021-02-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2021-02-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  19. 2019-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2017-02-17
    ➕
    MIHALOP, Owen Daniel appointed
    director
  21. 2017-02-17
    ➕
    HUNTER, Colin John, Dr appointed
    director
  22. 2015-07-15
    ➕
    BUTLER, Anthony Michael appointed
    director
  23. 2015-01-01
    ➕
    ARMITAGE, Paul Edward Blake, Dr appointed
    director
  24. 2012-05-10
    🏢
    Company incorporated
    As NORTH ATLANTIC MINERALS LIMITED
  25. 2012-05-10
    ➕
    CHARTER, William John appointed
    director

Owner dependency

65/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Founder age: Director aged approximately 71 — succession pressure is live.

Succession & seller-readiness

73/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
  • secondary12+ year tenure: Director in role 14 years.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Glasmin Resources (Uk) Limited holds majority control (50-75%). Likely parent but not wholly-owned.

🏛️
Glasmin Resources (Uk) Limited
Corporate parent · holds 50-75% shares
majority
⬇
NORTH ATLANTIC MINERALS LIMITED
This company · SC423859

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Glasmin Resources (Uk) Limited
Corporate entity
50–75%
50–75%50-75% shares · 50-75% voting01/01/2017

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2012-05-10
Jurisdictionscotland
Primary SIC07290 — SIC 07290

Registered office

Kohala House
Duchal Road
Kilmacolm
Renfrewshire
PA13 4AY
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-10-11
Last: 2025-09-27

Officers (3 active · 2 resigned)

BUTLER, Anthony Michael→
director · ~48y · appointed 2015-07-15
View their other companies + combined net worth →
Active
CHARTER, William John→
director · ~71y · appointed 2012-05-10
View their other companies + combined net worth →
Active
MIHALOP, Owen Daniel→
director · ~53y · appointed 2017-02-17
View their other companies + combined net worth →
Active
ARMITAGE, Paul Edward Blake, Dr→
director · ~57y · appointed 2015-01-01 · resigned 2023-03-31
Resigned
HUNTER, Colin John, Dr→
director · ~69y · appointed 2017-02-17 · resigned 2023-03-31
Resigned

Click a director name to see their full track record across all companies.

Recent filings (54 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-20
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-14
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-11
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-04
termination-director-company-with-name-termination-date
officers · TM01
2023-04-12
termination-director-company-with-name-termination-date
officers · TM01
2023-04-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-17
confirmation-statement-with-updates
confirmation-statement · CS01
2022-09-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2022-09-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-09-27
confirmation-statement-with-updates
confirmation-statement · CS01
2022-05-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-04
confirmation-statement-with-updates
confirmation-statement · CS01
2021-05-18